NewPage Holdings Inc. posts $21 million profit in third quarter

10:19 PM,
Nov. 8, 2013

NewPage Corporation Logo. (PRNewsFoto/NewPage Corporation)

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Daily Tribune Media

NewPage Holdings Inc. reported a $21 million profit during the third quarter, the Ohio-based papermaker announced this week.

Net income for the quarter amounted to $21 million, compared to a net loss of $47 million during the same period in 2012, according to documents the company filed Thursday with the U.S. Securities and Exchange Commission. It marked the first set of third quarter financial results since the company emerged from Chapter 11 bankruptcy protection.

Sales for the third quarter of 2013 amounted to $780 million - a 3 percent decrease from $803 million during the previous ...